Greek Referendum

November 1, 2011 by staff 

Greek Referendum, Greece’s decision to hold a referendum on his five-day-old rescue surprised its European partners and placed another obstacle in the way of efforts to stem the debt crisis.

The announcement was made “from nothing is amazing, very risky,” said Norbert Barthle, the senior member of Christian German Chancellor Angela Merkel, the Democratic Union in the budget committee of Parliament, in a telephone interview. “There is a huge amount at stake. Do we know how the Greek people treat their government in this referendum? No. We have a new target.”

French President Nicolas Sarkozy, Merkel called at noon today to discuss the referendum sent Greek stocks and the euro fall, the Elysee said. Sarkozy is “appalled” by the Greek plan, the newspaper Le Monde, which cited unnamed people close to Sarkozy.

The popularity of the government personnel and Greek Prime Minister George Papandreou, have collapsed amid new austerity measures sparked a wave of social unrest. Announced a parliamentary vote of confidence yesterday that concluded late on November 4. The referendum will probably be held after European settlement details are attached. The European Union was not informed in advance of the plans, an EU official said today.

“The German government has no official information yet” in the referendum, the Ministry of Finance, which he called “internal political development” which declined to comment.

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